93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB6544

 

Introduced 2/6/2004, by Tom Cross

 

SYNOPSIS AS INTRODUCED:
 
15 ILCS 20/50-5   was 15 ILCS 20/38

    Amends the State Budget Law of the Civil Administrative Code of Illinois. Makes a technical change concerning submission of the State budget.


LRB093 19247 SJM 44982 b

 

 

A BILL FOR

 

HB6544 LRB093 19247 SJM 44982 b

1     AN ACT concerning the State budget.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The State Budget Law of the Civil Administrative
5 Code of Illinois is amended by changing Section 50-5 as
6 follows:
 
7     (15 ILCS 20/50-5)  (was 15 ILCS 20/38)
8     Sec. 50-5. Governor to submit State budget. The Governor
9 shall, as soon as possible and not later than the second
10 Wednesday in April in 2003 and the third Wednesday in February
11 of each year beginning in 2004, submit a State budget,
12 embracing in that State budget therein the amounts recommended
13 by the Governor to be appropriated to the respective
14 departments, offices, and institutions, and for all other
15 public purposes, the estimated revenues from taxation, the
16 estimated revenues from sources other than taxation, and an
17 estimate of the amount required to be raised by taxation. The
18 amounts recommended by the Governor for appropriation to the
19 respective departments, offices and institutions shall be
20 formulated according to the various functions and activities
21 for which the respective department, office or institution of
22 the State government (including the elective officers in the
23 executive department and including the University of Illinois
24 and the judicial department) is responsible. The amounts
25 relating to particular functions and activities shall be
26 further formulated in accordance with the object
27 classification specified in Section 13 of the State Finance
28 Act.
29     The Governor shall not propose expenditures and the General
30 Assembly shall not enact appropriations that exceed the
31 resources estimated to be available, as provided in this
32 Section.

 

 

HB6544 - 2 - LRB093 19247 SJM 44982 b

1     For the purposes of Article VIII, Section 2 of the 1970
2 Illinois Constitution, the State budget for the following funds
3 shall be prepared on the basis of revenue and expenditure
4 measurement concepts that are in concert with generally
5 accepted accounting principles for governments:
6         (1) General Revenue Fund.
7         (2) Common School Fund.
8         (3) Educational Assistance Fund.
9         (4) Road Fund.
10         (5) Motor Fuel Tax Fund.
11         (6) Agricultural Premium Fund.
12     These funds shall be known as the "budgeted funds". The
13 revenue estimates used in the State budget for the budgeted
14 funds shall include the estimated beginning fund balance, plus
15 revenues estimated to be received during the budgeted year,
16 plus the estimated receipts due the State as of June 30 of the
17 budgeted year that are expected to be collected during the
18 lapse period following the budgeted year, minus the receipts
19 collected during the first 2 months of the budgeted year that
20 became due to the State in the year before the budgeted year.
21 Revenues shall also include estimated federal reimbursements
22 associated with the recognition of Section 25 of the State
23 Finance Act liabilities. For any budgeted fund for which
24 current year revenues are anticipated to exceed expenditures,
25 the surplus shall be considered to be a resource available for
26 expenditure in the budgeted fiscal year.
27     Expenditure estimates for the budgeted funds included in
28 the State budget shall include the costs to be incurred by the
29 State for the budgeted year, to be paid in the next fiscal
30 year, excluding costs paid in the budgeted year which were
31 carried over from the prior year, where the payment is
32 authorized by Section 25 of the State Finance Act. For any
33 budgeted fund for which expenditures are expected to exceed
34 revenues in the current fiscal year, the deficit shall be
35 considered as a use of funds in the budgeted fiscal year.
36     Revenues and expenditures shall also include transfers

 

 

HB6544 - 3 - LRB093 19247 SJM 44982 b

1 between funds that are based on revenues received or costs
2 incurred during the budget year.
3     By March 15 of each year, the Economic and Fiscal
4 Commission shall prepare revenue and fund transfer estimates in
5 accordance with the requirements of this Section and report
6 those estimates to the General Assembly and the Governor.
7     For all funds other than the budgeted funds, the proposed
8 expenditures shall not exceed funds estimated to be available
9 for the fiscal year as shown in the budget. Appropriation for a
10 fiscal year shall not exceed funds estimated by the General
11 Assembly to be available during that year.
12 (Source: P.A. 93-1, eff. 2-6-03.)